American Financial Group (NYSE:AFG) Releases Quarterly Earnings Results

American Financial Group (NYSE:AFGGet Free Report) released its quarterly earnings results on Tuesday. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03), Zacks reports. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%.

American Financial Group Stock Performance

AFG traded down $0.66 on Tuesday, reaching $136.04. 447,947 shares of the stock were exchanged, compared to its average volume of 297,734. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The company’s 50-day moving average price is $138.13 and its 200 day moving average price is $134.75. The firm has a market capitalization of $11.42 billion, a PE ratio of 12.75 and a beta of 0.83. American Financial Group has a fifty-two week low of $115.64 and a fifty-two week high of $150.19.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group’s payout ratio is 29.99%.

Analyst Ratings Changes

Several research firms have issued reports on AFG. Piper Sandler lifted their price target on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets boosted their target price on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods decreased their price target on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 10th.

View Our Latest Report on AFG

About American Financial Group

(Get Free Report)

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.

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Earnings History for American Financial Group (NYSE:AFG)

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